Bill · H.R. 4130· House(119-HR-4130)
Small Business Relief Act
- Introduced
- 6/25/2025
- Last activity
- 2/25/2026 — Placed on the Union Calendar, Calendar No. 450.
- Sponsored by
- Andrew Garbarino
- Cosponsors
- - 1 - 0
- Introduced
- On Calendar
What this bill would do
This bill, known as the "Small Business Relief Act," aims to change how security holders are counted. It proposes an amendment to the Securities Exchange Act of 1934. Specifically, it seeks to exclude qualified institutional buyers and institutional accredited investors from the calculation of holders of a security. This change applies to the mandatory registration threshold. The bill was introduced by Mr. Garbarino and has been reported with an amendment.
Yes
Would business owners be better off under this?+5
The bill reduces regulatory hurdles for companies seeking to avoid mandatory registration.
Does this make it easier to run a small business?+5
The bill eases regulatory burdens by changing how security holders are counted for registration thresholds.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Relief for businesses regarding registration thresholds: By excluding qualified institutional buyers and institutional accredited investors from the count, the bill changes the mandatory registration threshold under Section 12(g)(1) of the Securities Exchange Act of 1934 (Section 2).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5
- Economy And Finance
- Improves Small Business Support+5
- 2/25/2026
- Reported (Amended) by the Committee on Financial Services. H. Rept. 119-525.
- Placed on the Union Calendar, Calendar No. 450.
- 12/17/2025
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 24.
- 12/16/2025
- Committee Consideration and Mark-up Session Held
- 1 Cosponsor added.
- 6/25/2025
- Referred to the House Committee on Financial Services.
- Introduced in House
Pete SessionsRepublican · Texas